Prime Minister Alexis Tsipras resigned yesterday, hoping to strengthen his hold on power in snap elections after seven months in office in which he fought Greece’s creditors for a better bailout deal but had to cave in.
In Berlin, the government said it expected Athens to press ahead with its reform agenda and the finance ministry said aid disbursements would be delayed should the elections cause any delay in an examination of the programme.
Tsipras was to make an announcement Thursday night, another government official said, while he was expected to also visit the country’s president – a necessary formality in calling early elections, for which he would have to step down as prime minister. With a...
German lawmakers voted in favor of a third Greek bailout on Wednesday despite a record rebellion among Chancellor Angela Merkel’s own conservatives that suggested she would struggle to return to parliament to seek any further aid for Athens.
Mr Tsipras had delayed a decision on whether to call a new election until after Greece received its first instalment from the new bailout and made a debt repayment to the European Central Bank; it did both on Thursday.
A significant minority of Merkel’s conservatives may vote against the €86bn bailout, sending the government a warning that the latest package is its last chance to keep debt-ridden Greece in the 19-country euro zone.